MELVILLE, N.Y.--(BUSINESS WIRE)--May 30, 2018-- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that during its third quarter of fiscal 2018, its Enterprise Technologies group, which is part of Comtech’s Commercial Solutions segment, has received a professional services renewal agreement worth $1.6 million from a leading automotive market provider for various location-based services.
“Comtech has a rich history of providing reliable next-generation navigation, telematics and location-based services to the automotive market. Our specialized solutions can be customized to fit a brand’s unique customer experience while minimizing the up-front investments required to develop new products and services,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “We are very pleased to continue this relationship that spans more than 17 years, growing our footprint in the automotive industry while enabling the improvement of the driver experience and development of next generation vehicles.”
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.